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US household wealth tops $100 trillion for first time

WASHINGTON: US household wealth topped the $100 trillion mark for the first time ever in the first quarter of 2018, the US Federal Reserve said on Thursday. Rising US house prices, a market suffering a long-term shortage, pushed up the net worth of households even as stock markets were roiled by volatility. The Fed said the net worth of the nation's households and nonprofits rose to $100.8 trillion in the first three months of the year, up from $99.7 trillion the previous quarter. Real estate prices rose by $500…